Saturday, September 21, 2019

The best markets

The best markets are the those that are sensitive to consumer demand and the worst ones are those driven by top-down control.

It's the free market v authoritarianism.

It's trust in the people v some kind of enforced slavery to a power elite.

That doesn't mean there's no use for laws and that anarchy should reign, but that the ideal is a consumer (i.e. civilian) driven society, not one driven by a political or economic elite.

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